GOLD!

[Dean186]

Interesting video - thanks for posting.

I found part 2, but received the following message:


"Money - A Brief History Of The American Dollar - Part 2 of 2"
This video contains content from EMI, who has blocked it in your country on copyright grounds.

The link is:

http://www.youtube.com/user/JohnFromChicago#p/a/u/1/FbyQB8e-rQg

[LOGDOG]

Yep, that's the same message I got Dean. Maybe I'll subscribe to his channel and ask if there's a way to get part two. I thought part one was very interesting.

[ARKANSAWYER]

  Maybe then we do not need much gold.  The silver and gold gets to be worth more then the dollar is worth less which is what we are seeing.  When a man will work all day for a silver dollar and he can buy a new truck for 300 of them then things will be adjusted.  Work all month for a double eagle and you are doing well.  I liked the video and it was very good information.  My GrandPa used to hack ties for 2 bits each.  If he made $300 a year he did was comming on up.

[LOGDOG]

How much was a "bit" back then Arky?

[Cedarman]

2 bits, 4 bits, 6 bits,  a dollar, all for the forum stand up and holler

[PC-Urban-Sawyer]

"States and businesses aren't mandated to take it as payment for goods and services"

Does this mean that they can take other forms of payment or that they do not have to take cash if they do not want to?  My money says it is legal tender for all debts public and private.  Can a business refuse to accept my cash as payment and require me to use a credit card?  I am thinking that before the purchase they can require whatever form of payment they want.  But if we have a bill come due, then we can always use cash money to pay it if we choose to.

The local Enterprise auto rental operation will not accept cash. They will only take credit cards, debit cards and "approved" local checks...

[LOGDOG]

PC-Urban_Sawyer ...interesting you bring up Enterprise. I just rented a Lincoln MKX from their. While I was waiting I heard them say on the telephone that if you're using a debit card you have to bring in two different utility bills that show you're current. Neither bill can show an overdue balance owed etc. Seemed a bit offensive to me. Like you had to prove you're not a dead beat just because you were using a debit card.

[SwampDonkey]

They want credit cards and such in case you steal or trash the car, they can charge your card for damages. With cash, you are gone and someone has to hunt you down. That's the logic behind it.

[Magicman]

They want credit cards and such in case you steal or trash the car, they can charge your card for damages. 

I guess that option must be in the rental agreement??

[LOGDOG]

....And what if you have an insufficient credit line on your card to cover the possible damage? Then they're in the same boat ...hunting you down again.

[Dodgy Loner]

True, but unless you stole the credit card that you gave them, they know who you are. There is a lot more anonymity involved if you are using cash. All you would need is a fake driver's license to get out of the lot with a car without them knowing who you are. Requiring the credit/debit card or check just adds one more barrier to make the transaction more secure. Although I'm not sure why they wouldn't do like hotels do - let you pay in cash, but leave a credit card in case of "incidentals".

[SwampDonkey]

Hunting you down, in the context I was using it, means you are anonymous and/or using fake ID. If it's a legit credit card, cheque or debit card they know where to come looking.

[ARKANSAWYER]

Well again today the stock market went down and Gold hit a new record. 
  I went to a gas station up in MO a while back and they would not take cash.  Check or card but no cash.  They would even take a out of state check but no cash.  Here in town we have a station that will take cash or checks but no cards.  Me I am going cash or barter.